medici-13ga_011912.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
SCHEDULE 13G
 
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
 
 
 
 
MediciNova, Inc.
 
 
Name of Issuer
 
 
Common Stock, par value $0.001
 
 
(Title of Class of Securities)
 
 
58468P206
 
 
(CUSIP Number)
 
 
 
December 31, 2011
 
 
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[ _ ] Rule 13d-1(b)
 
[ X ] Rule 13d-1(c)
 
[ _ ] Rule 13d-1(d)
 
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the notes).
 
 
 
 

 
 
 
1
NAMES OF REPORTING PERSONS:
   
 
Southpaw Asset Management LP
 
   
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[__]
   
(b)
[__]
       
3
SEC USE ONLY
   
       
       
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
   
       
 
Delaware
   
       
       
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
0
     
6
SHARED VOTING POWER
 
0
     
7
SOLE DISPOSITIVE POWER
 
0
     
8
SHARED DISPOSITIVE POWER
 
0
         
       
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
       
 
0
   
       
       
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:
 
[__]
       
       
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
       
 
0%
   
       
       
12
TYPE OF REPORTING PERSON:
   
       
 
PN
   
 
 
 
 

 
 
 
 
1
NAMES OF REPORTING PERSONS:
   
 
Southpaw Holdings LLC
 
   
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[__]
   
(b)
[__]
       
3
SEC USE ONLY
   
       
       
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
   
       
 
Delaware
   
       
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
0
       
6
SHARED VOTING POWER
 
0
       
7
SOLE DISPOSITIVE POWER
 
0
       
8
SHARED DISPOSITIVE POWER
 
0
 
         
       
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
       
 
0
   
       
       
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:
 
[__]
       
       
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
       
 
0%
   
       
       
12
TYPE OF REPORTING PERSON:
   
       
 
OO
   
 
 
 
 

 
 
 
 
 
1
NAMES OF REPORTING PERSONS:
   
 
Southpaw Credit Opportunity Master Fund L.P.
 
   
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[__]
   
(b)
[__]
       
3
SEC USE ONLY
   
       
       
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
   
       
 
Cayman Islands
   
       
 
       
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
0
       
6
SHARED VOTING POWER
 
0
       
7
SOLE DISPOSITIVE POWER
 
0
       
8
SHARED DISPOSITIVE POWER
 
0
 
         
       
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
       
 
0
   
       
       
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:
 
[__]
       
       
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
       
 
0%
   
       
       
12
TYPE OF REPORTING PERSON:
   
       
 
PN
   
 
 
 
 

 
 
 
 
1
NAMES OF REPORTING PERSONS:
   
 
Kevin Wyman
 
   
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[__]
   
(b)
[__]
       
3
SEC USE ONLY
   
       
       
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
   
       
 
United States
   
       
 
       
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
0
       
6
SHARED VOTING POWER
 
0
       
7
SOLE DISPOSITIVE POWER
 
0
       
8
SHARED DISPOSITIVE POWER
 
0
 
         
       
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
       
 
0
   
       
       
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:
 
[__]
       
       
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
       
 
0%
   
       
       
12
TYPE OF REPORTING PERSON:
   
       
 
IN
   
 
 
 
 

 
 
 
 
1
NAMES OF REPORTING PERSONS:
   
 
Howard Golden
 
   
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[__]
   
(b)
[__]
       
3
SEC USE ONLY
   
       
       
4
CITIZENSHIP OR PLACE OF ORGANIZATION:
   
       
 
United States
   
       
 
       
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5
SOLE VOTING POWER
 
0
       
6
SHARED VOTING POWER
 
0
       
7
SOLE DISPOSITIVE POWER
 
0
       
8
SHARED DISPOSITIVE POWER
 
0
 
         
       
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
       
 
0
   
       
       
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:
 
[__]
       
       
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
       
 
0%
   
       
       
12
TYPE OF REPORTING PERSON:
   
       
 
IN
   
 
 
 
 
 

 
 
 
 
ITEM 1(a)
NAME OF ISSUER:
 
     
 
MediciNova, Inc. (the “Issuer”)
   
ITEM 1(b)
ADDRESS OF ISSUER’S PRINICIPAL EXECUTIVE OFFICES:
   
 
4350 La Jolla Village Drive, Suite 950
 
San Diego, California 92122
   
ITEM 2(a)
NAME OF PERSON FILING:
   
 
This statement is filed on behalf of the following persons (collectively, the “Reporting Persons”):
   
 
(i)  Southpaw Asset Management LP (“Southpaw Management”)
   
 
(ii)  Southpaw Credit Opportunity Master Fund L.P.
   
 
(iii)  Southpaw Holdings LLC (“Southpaw Holdings”)
   
 
(iv)  Kevin Wyman
   
 
(v)  Howard Golden
   
 
As of December 31, 2011, none of the Reporting Persons beneficially owns any shares of par value $0.001 per share common stock of the Issuer (“Common Stock”) nor has the power to vote or dispose of any shares of Common Stock.
   
ITEM 2(b)
ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
   
 
2 Greenwich Office Park
 
Greenwich, CT 06831
   
ITEM 2(c)
CITIZENSHIP:
   
 
(i) Southpaw Asset Management LP is a limited partnership organized under the laws of Delaware.
   
 
(ii) Southpaw Credit Opportunity Master Fund L.P. is a limited partnership organized under the laws of the Cayman Islands.
   
 
(iii) Southpaw Holdings LLC is a limited liability company organized under the laws of Delaware.
   
 
(iv) Kevin Wyman is an individual having citizenship in the United States.
   
 
(v) Howard Golden is an individual having citizenship in the United States.
   
ITEM 2(d)
TITLE OF CLASS OF SECURITIES:  Common Stock
   
   
ITEM 2(e)
CUSIP NUMBER:  58468P206
   
   
ITEM 3
IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE FILING PERSON IS:
   
 
Not applicable.
   
ITEM 4
OWNERSHIP:
   
 
As of December 31, 2011 none of the Reporting Persons beneficially owns any shares of Common Stock nor has the power to vote or dispose of any shares of Common Stock.
   
ITEM 5
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
   
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ X ].
   
ITEM 6
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
   
 
Not Applicable.
   
ITEM 7
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON.
   
 
Not Applicable.
   
ITEM 8
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
   
 
Not Applicable.
   
ITEM 9
NOTICE OF DISSOLUTION OF GROUP.
   
 
Not Applicable.
   
ITEM 10
CERTIFICATIONS.
   
 
By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 
 

 
 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
January 23, 2012
 
 
Southpaw Credit Opportunity Master Fund L.P.
   
  By:
Southpaw GP LLC,
   
its general partner
   
 
By:  /s/ Kevin Wyman          
 
Name: Kevin Wyman
 
Title: Managing Member
   
   
   
 
Southpaw Asset Management LP
   
  By:
Southpaw Holdings LLC,
   
its general partner
   
 
By: /s/ Kevin Wyman          
 
Name: Kevin Wyman
 
Title: Managing Member
   
   
   
 
Southpaw Holdings, LLC
   
 
By:  /s/ Kevin Wyman          
 
Name: Kevin Wyman
 
Title: Managing Member
   
   
 
/s/ Kevin Wyman                  
 
Kevin Wyman
   
   
 
/s/ Howard Golden                
 
Howard Golden

 
EXHIBIT INDEX
 
Exhibit Number
Exhibit
   
1.
Joint Filing Agreement, dated January 23, 2012, by and among the Reporting Persons.